NOTES TO THE FINANCIAL STATEMENTS Definition

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NOTES TO THE FINANCIAL STATEMENTS is a detailed set of notes immediately following the financial statements contained in the annual report that expands upon and/or explains in some depth the information contained in the financial statements.

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ASSET MANAGEMENT RATIO shows how effectively the firm manages its assets.

ECONOMICALLY FEASIBLE means that the benefit of tracing the cost (greater accuracy) outweighs the cost of doing so.

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